Suppose Piranha.com sells 3,500 books on account for $17 each (cost of these books is $35,700) on October 10 to The Textbook Store. Several books were slightly damaged in shipment, so Piranha.com granted a sales allowance of $1,000 to The Textbook Store on October 13. On October 25, The Textbook Store paid the balance due.

Requirements 

1. Journalize The Textbook Store’s October transactions.
2. Journalize Piranha.com’s October transactions. The company estimates sales returns at the end of each month